Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxes Management Act 1970

158

1

Amend section 109 (corporation tax on close companies in connection with loans to participators etc) as follows.

2

In subsection (1) for “sections 419 and 420 of the principal Act” substitute “ sections 455 to 459 of CTA 2010 ”.

3

In subsection (3) for “the said section 419” substitute “ section 455 of CTA 2010 ”.

4

In subsection (3A)—

a

in paragraph (a) for “subsection (4) of section 419 of the principal Act” substitute “ subsection (2) of section 458 of CTA 2010 ”, and

b

for “the said section 419” substitute “ section 455 of CTA 2010 ”.

5

In subsection (4) for “section 419(4) of the principal Act” substitute “ section 458 of CTA 2010 ”.

6

In subsection (5) for “the said sections 419 and 420” substitute “ sections 455 to 459 of CTA 2010 ”.